AGRICULTURE
Panel stands by palm nut price
- Published: 29 Dec 2012 at 00.00
- Newspaper section: News
The National Oil Palm Policy Committee decided to keep the price of fresh palm nuts stable at a meeting yesterday but vowed to find ways to reduce the stockpile.
Finance Minister and Deputy Prime Minister Kittiratt Na-Ranong, who chaired the meeting, said the buying price of palm nuts will remain at 4 baht/kg for nuts with 17% oil content and 4.35 baht/kg for 18.5% oil nuts.
A reported compromise reached on Dec 12 set the price at 5 baht/kg, in response to farmers' calls for a 6 baht/kg minimum, but this was not subsequently confirmed.
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